A recent report published by Infinium Global Research on emergency contraceptive pills market provides an in-depth analysis of segments and sub-segments in the global as well as regional emergency contraceptive pills market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional emergency contraceptive pills market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global emergency contraceptive pills market. According to the report, the global emergency contraceptive pills market is projected to grow at a CAGR of 2.45% over the forecast period of 2019-2025.
Population explosion and the growing prevalence of sexually transmitted diseases have given a boost to the contraception market. Various types of contraception including long-acting reversible contraception, hormonal contraception, barrier methods, permanent contraception, and emergency contraception are available in the market. Among these, emergency contraception finds its application after unprotected coitus. The market for emergency contraceptive pills is highly competitive and consolidated in nature. The major market players including HLL Lifecare Limited, Bayer AG and Pfizer Inc. hold a large part of the market share. The other key players such as Mankind Pharma Ltd., Teva Pharmaceutical Industries Ltd., Piramal Enterprises Ltd., HRA Pharma SA, Perrigo Company plc, Gedeon Richter Plc., Zhejiang Xianju Pharmaceutical Co., Ltd. are focusing on investing in research and development activities to develop products with minimum side effects.
The rise in the number of unplanned pregnancies is the major driving factor for the emergency contraceptive pills market, globally. Rapid urbanization and changing lifestyles of the people are leading to growing casual and unprotected sexual activities. This, in turn, leads to unplanned pregnancies, which require emergency contraception. Moreover, the growing number of government initiatives to curb unwanted abortion is anticipated to boost the market growth. The International Consortium for Emergency Contraception aims to expand access to proper emergency contraception products, which promotes the use of emergency contraceptive pills. Additionally, an increase in awareness regarding contraception products is further propelling the market. However, the time constraints and side-effects associated with the emergency contraceptive pills are hindering the market growth. Further, the advent of generic emergency contraceptive pills is expected to offer new opportunities for market growth.
Based on the region, the North America region dominated the global emergency contraceptive pills market owing to a rise in initiatives by the government organizations and NGOs to promote the use of emergency contraceptive pills. However, the emergency contraceptive pills market in the Asia Pacific is expected to grow at the highest rate owing to the rise in mutual consent of partners towards unprotected sex in countries such as China, India, and South Korea.
The report on global emergency contraceptive pills market covers segments such as type, and distribution channel. On the basis of type, the sub-markets include combination pills, progesterone pills, estrogen pills, and other types. On the basis of distribution channel, the sub-markets include retail stores, and online stores.
The report provides profiles of the companies in the market such as HLL Lifecare Limited, Bayer AG, Mankind Pharma Ltd., Teva Pharmaceutical Industries Ltd., Piramal Enterprises Ltd., Pfizer Inc., HRA Pharma SA, Perrigo Company plc, Gedeon Richter Plc., Zhejiang Xianju Pharmaceutical Co., Ltd., and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of emergency contraceptive pills market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.